$1,375,000
23.0 Units
MLS: 202507139
**Investment Property Available in Cedar Rapids** This multifamily complex comprises a total of 23 units: - 20 one-bedroom units - 1 two-bedroom unit - 1 three-bedroom unit - 1 efficiency unit Out of the 23 units, 10 have been fully remodeled within the past two years. The units occupied by long-term tenants remain untouched. The property is located in a great area with easy access. 2 units rents were doubled by furnishing them and renting short term. Each unit has its own furnace and AC. Tenants pay RUBs each month towards water. 48 Hours' Notice to Show.
MLS #: 202507139
Price: $1,375,000
Year Built: 1970
Income/Yr: $189,660.00
Expense/Yr: $0.00
Parking: Off Street
Basement: Slab
Total Sq Ft: 13248
Electric Expense: $3,000.00
Gas Annually: $0.00
Maint Expense: $6,000.00
Insurance Expense: $18,100.00
Gross Tax: $11,294.00
Units: 23.0
Laundry: Other
Energy Generation:
Heat/Cooling: Baseboard, Electric, Forced Air, Central Air
Elementary: Kenwood
Middle: Franklin
High: Washington
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Lepic-Kroeger, REALTORS - Agent: Matthew Lepic - Information furnished by Iowa City Area Association of Realtors